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Tag · Unclaimed Financial Assets Authority (UFAA)

Unclaimed Financial Assets Authority (UFAA)

3 articles
Investigations

UFAA Bosses Accused of Stealing Billions From The Dead

A scandal has erupted at the Unclaimed Financial Assets Authority (UFAA), with top executives, including CEO John Mwangi, accused of misappropriating billions meant for deceased individuals and their next of kin. Investigations reveal a Sh10.5 billion discrepancy, questionable payments amounting to hundreds of millions, and potential delays in asset transfers. Amid rising concerns, Senator Gloria […]

Investigations
Economy

Sh241 Billion Unclaimed Financial Assets, UFAA Releases

A base line survey report on the current state of unclaimed financial assets was released by Unclaimed Financial Assets Authority (UFAA) has revealed that the current unclaimed financial assets in the country is estimated at Sh241,105,748,942. The survey which was conducted to determine the number of holders and estimate the volume of unclaimed financial assets […]

Economy

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